Zijin Mining Group Co. (2899)

[chaosdiablo]

China largest gold mining company...........I think this is a good stock

[dzwm87]

and what's your reasons behind it? cos of gold hedging against the global economic downturn?

[chaosdiablo]

I believe it is the lowest PE gold mining company.....

When gold price was low, Zijin was also around current price..now that gold price is so much higher than before...........

One reason for the low share price is that Zijin is involved in legal issue when it polluted a river in china..but now that the issue had resolved, think things should improve.....

Please do your own research to vertify.......as I might be wrong......

and what's your reasons behind it? cos of gold hedging against the global economic downturn?

[chaosdiablo]

Had dropped a lot after announced bad result....company seems not really well managed compared to other smaller mining company....altough it is the largest gold mining company in china.....

I believe it is the lowest PE gold mining company.....

When gold price was low, Zijin was also around current price..now that gold price is so much higher than before...........

One reason for the low share price is that Zijin is involved in legal issue when it polluted a river in china..but now that the issue had resolved, think things should improve.....

Please do your own research to vertify.......as I might be wrong......

and what's your reasons behind it? cos of gold hedging against the global economic downturn?

[soros]

Looking at the charts, Zijin shares ( 02988.hk) seems to have spent past 4 years coming down from a $7 high level in 2008 ( bubble ?? or misplaced valuation by gold bugs ??) and price bottomed out in recent months at around $2.40 levels . Now shares at around $3 level at end of Nov 2012.

[soros]

Here's an optimistic view by GS posted on aastocks website on 13 Nov 2012.

Goldman Sachs expects the upswing in gold price will last throughout 2015. To reflect monetary easing and low interest rate, the broker hiked gold price forecast for 2013-15 by 6%/8%/21% to US$1,811/1,884/1,922 per ounce, believing that gold stocks will continue to outperform gold price.

Goldman Sachs raised ZIJIN MINING (02899.HK)'s H-share target price from $3.8 to $4.05 with CL-Buy rating.

ZHAOJIN MINING (01818.HK) is kept Neutral with target price hiked from $13.1 to $13.83. (y)

[cliffordng888]

Zijin is always a laggard when compared to Zhaojin as Zhaojin is pure gold. But Zhaojin might have gone up too much...

For some reasons, Zijin never seems to do well in its share price.....

Here's an optimistic view by GS posted on aastocks website on 13 Nov 2012.

Goldman Sachs expects the upswing in gold price will last throughout 2015. To reflect monetary easing and low interest rate, the broker hiked gold price forecast for 2013-15 by 6%/8%/21% to US$1,811/1,884/1,922 per ounce, believing that gold stocks will continue to outperform gold price.

Goldman Sachs raised ZIJIN MINING (02899.HK)'s H-share target price from $3.8 to $4.05 with CL-Buy rating.

ZHAOJIN MINING (01818.HK) is kept Neutral with target price hiked from $13.1 to $13.83. (y)